PSX includes National Bank of Pakistan in Banking Sector Tradable Index

January 31, 2021 (MLN): The Pakistan Stock Exchange Limited (PSX) has carried-out the exercise of re-composition of Oil & Gas and Banking Sector Tradable Indices for the review period from July 1, 2020 to December 31, 2020.

According to the notice issued by PSX, there is no change in the in the Tradable Indices of Oil & Gas Sector index. The incoming company in Banking Sector Tradable Index is National Bank of Pakistan whereas outgoing is The Bank of Punjab. Tradable sector indices capture minimum 80% free float market capitalization of the given sector (without any minimum companies’ limit).

The list of companies in the Recomposed Tradable Banking Index is as follows:

• Habib Bank Ltd.
• MCB Bank Ltd.
• United Bank Limited
• National Bank of Pakistan
• Bank AL-Habib Ltd
• Bank Al-Falah Ltd
• Meezan Bank Ltd

The list of companies in the Recomposed Tradable Oil and Gas is as follows:

• Oil & Gas Development Company Ltd
• PPL Pakistan Petroleum Ltd
• Pakistan Oilfields Ltd

The re-composition has been carried out on the basis of the criteria of selection of companies as detailed in the Brochure of Oil & Gas and Banking Sector Tradable Indices, which can be downloaded from the website of the Exchange.

The recomposed Index will be implemented w.e.f. Monday, February 15, 2021.

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